NFT, Block Chain, Metaverse

 What is meant by NFT?

NFT stand for Non-Fungible Token. NFT means digital assets. That kind of digital asset has rights. The only person who has rights can edit, share and sell it. Examples of NFT digital assets are artwork, music as well as videos. Tweets and news feeds are also included in NFT.

Ownership of NFT is traced and tracked with the help of blockchain. One File and data are stored in many systems in the world. If any tries to hack a file and edit it but other files remain the same and blockchain show everywhere original file. NFT data cannot steal, copy and share without rights from the original person. NFT data sells and purchases through cryptocurrencies and dollars. If anyone sells NFT data to another person. Some percentage of the amount is shared with the original creator. Every time creator found shares of his data. This is a unique feature of NFT. NFT is a new trend in business in the world. After some time all online businesses shifted to NFT. NFT of need every person after some while.

 What is Blockchain?  Should all data on WWW shift to blockchain?

Blockchain means data stored in many systems as a backup. Data storage in blockchain means not only data store many systems in one country but almost all countries. If one country's server or systems are down, the system can restore these types of data to other countries' systems. Datastore in blockchain cannot hack, steal, and sell without rights from the original person. If hackers hack one or some files and edit them blockchain ignores these hacked files and restores the original files. This is the unique feather of blockchain.

After some time all data available in WWW world wide web shifted to the blockchain. Data in the blockchain is easily traced and tracked. The original creator has permanent rights to his data. A company or individual can purchase or access any data if the creator agrees to sell his data or share his information. Before blockchain companies such as Facebook etc sell data or share information without concern to the original creator.       

What is meant by Metaverse?

Should all meetings and shopping be conducted through Metaverse?

Metaverse means a computer-generated environment where people can interact with each other. Everyone in Metaverse made his avatar-type personality, which looks like he is. Before Metaverse people can interact with each other but they can’t touch or feel each other. This is the special and latest technology where people can touch and feel just like reality. People can feel as if he is physically available in that place. When this technology is common every meeting as well as shopping shifted over Metaverse.

This is the need of the world due to some issues such as viruses and time-saving. Offices and markets are closed at any time due to Corona or other viruses with unlimited time. Businesses are going to lose due to viruses and need some alternative. An alternative is Metaverse. Gaming is also played in Metaverse. The gamer feels that he is physically playing the game.

What is virtual property?

Virtual property means property as physical property but this is intangible. People can’t physically access it. Virtual property anyone can sell and purchase as physically can do. People can sell and purchase virtual land with a special type of currency.  This is the part of Metaverse. Where people can visit anywhere. People are free to arrange parties anywhere in the virtual world after purchasing land or renting. People can be made their life in the virtual world as he likes. He can visit or meet a person which he wants. The prices of virtual lands are too high. One home price today (Feb 2022) is almost $300,000 in Metaverse virtual world in America. This price is real land property of America.